According to the Department of Justice, authorities in Canada have taken into custody an alleged member of LockBit’s ransomware gang. Mikhail Vasiliev is a dual Russian-Canadian citizen and is currently awaiting extradition to the USA. He is charged with conspiracy for intentionally damaging protected computers and transmitting ransom demands. If convicted, Vasiliev could face a maximum five-year sentence and a fine up to $250,000.
According to the complaint LockBit ransomware was first discovered in January 2020. The FBI has been investigating its creators since March of this year. According to the DOJ, LockBit is “one the most destructive and active ransomware variants in existence” that has claimed at least 1,000 victims. This includes a Holiday Inn in Turkey. The DOJ stated that LockBit gang members have demanded ransom payments of at least $100,000,000. According to the DOJ, the gang has demanded ransom payments totalling at least $100 million from victims.
“This arrest is the result of over two-and-a-half years of investigation into the LockBit ransomware group, which has harmed victims in the United States and around the world,” deputy attorney general Lisa O. Monaco said in a statement. “Let this be yet another warning to ransomware actors: working with partners around the world, the Department of Justice will continue to disrupt cyber threats and hold perpetrators to account. With our partners, we will use every available tool to disrupt, deter and punish cyber criminals.”All products recommended by Engadget are selected by our editorial team, independent of our parent company. Affiliate links may be included in some of our stories. We may earn an affiliate commission if you purchase something through one these links. All prices correct at time of publication.

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